Why I left Engineering/IT

I didn't leave because it was hard.
I left because it was no longer worth it.

Monday, June 30, 2014

My Investment Portfolio (June 2014)

STI ended the month on a losing note at 3255 points. Markets had been quiet this month, with low trading volume on most days. This is because of the ongoing FIFA World Cup in Brazil and also worries about unrest in Iraq. Also, there is no much news on the corporate front to move the market.

For
my top 30 holdings, Hong Fok continued its good run and had been a top performer in my portfolio for this month. Another good performer is Hotel Grand Central as they announced the sale of their hotel in Little India on the last trading day of June. ComfortDelgro and Stamford Land returned to my top 30 list due to good performance. GK Goh returned to the list as I added onto the stock this month.

I
have accepted the following voluntary delisting/cash offers this month
- ASJ, CapitaMalls Asia and China Powerplus.

Next
month will be another busy month for me. Companies with financial year ending 31 March 2014 will be holding their AGMs. I will be attending some of them to get some updates. I will also seek to re-invest the special dividend from Transcorp as and when opportunities presents itself.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 June 2014)

9 Comments:

Surprised to see that you owned China Powerplus. I am glad that they have fulfilled their promise to buy back their shares even after the shares were suspended. This is one of my last 2 S-chips which I managed to get out without a loss. Also there is no need to hold on to a useless piece of paper after delisting.

China Powerplus was one of my many investment mistakes last time. They started out quite well, paying dividends and looks to have good products like portable power tools including mist dusters and brush cutters.

However, things gone from bad to worse and they can't seem to recover from their losses. Profit margin also kept going down and they cited lower selling prices of their products. Receiveables also being impaired during the last FY.

Their investment in China Steel also didn't turn out well.

Therefore, I don't think I want to continue investing in the company and the exit offer is a good chance for me to get out.

Your blog has been my very source of encouragement and enlightenment in my six year's of equity investments.

It is never an easy task to keep track with the movements of the companies' changes of their policies and directions of businesses. But, at the end of the day, I may end up being tricked or treated by their corporate actions.

I have never liked to apply IPO but somehow tried twice and got l lot for both counters. I just wanted to experience buying from the ATM and owning shares using different platform.

Thanks for being a great help to me these past years. I might not be that knowing as you are but I have realized a little better what kind of an investor I am.

Which part of the CPF reform would you like me to elaborate on? I do not wish to comment on each and every CPF policy changes as there are too many of them and it happens quite often. If there is any part which you are keen on, I could write something on it.

IPO is really not for me and to be frank with you, I haven't applied for any IPOs for donkey years. I prefer to buy from the market when I find good stocks trading at decent valuations and via rights issue.

For IPOs, you won't get a decent amount of shares for a good counter and you get a lot for lousy ones. Pretty much a loser's game if you ask me.

About Me

A self-directed investor, looking to invest for retirement needs and bypass all those expensive financial planners/insurance agents. Investing is fun, profitable or most important of all, knowledge gained is useful for the rest of your life!